How long would the corrosion-resistant parts have, Microeconomics

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How long would the corrosion-resistant parts have

Problem

Using corrosion-resistant parts would cost 60% more than the steel fittings that currently last 4 years. If the firm's interest rate is 12%, how long would the corrosion-resistant parts have to last to be more cost-effective?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How long would the corrosion-resistant parts have

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